At the Africa Forward Summit in Nairobi,Kenya, French President, Emmanuel Macron, announced a sweeping 23 billion euro ($27 billion) investment package aimed at deepening economic ties between France and African nations.
Speaking before heads of state, business executives, and policy makers from more than 30 African countries, Macron described the initiative as part of a “partnership of equals” between France and Africa.
The investment package includes 14 billion euros from French public and private institutions and an additional 9 billion euros from African investors.
The funding will target sectors seen as critical to the continent’s future growth, including renewable energy, agriculture, infrastructure, and artificial intelligence.
According to Macron, the projects are expected to generate approximately 250,000 jobs across both Africa and France.
The summit marked the first major France-Africa economic conference hosted in an English-speaking African country.
Analysts view the choice of Kenya as strategic, reflecting France’s attempt to strengthen relations beyond its traditional Francophone sphere of influence.
In recent years, France has faced growing political resistance in several former colonies in West and Central Africa, where anti-French sentiment has increased and military partnerships have weakened.
Macron used the summit to signal a shift in France’s approach toward Africa.
Rather than framing relations around aid or historical ties, he emphasized mutual investment and commercial cooperation.
“We are not simply here to invest in Africa,” Macron told delegates. “We also want African business leaders to invest in France.”
He said this new model would move beyond the political sensitivities and historical grievances that have long shaped relations between France and its former colonies.
The summit attracted several influential African and European business leaders.
Among them was Aliko Dangote, Africa’s richest businessman, alongside executives from major French corporations such as TotalEnergies and Orange.
French shipping giant, CMA CGM, announced a separate commitment of 700 million euros to modernize facilities at the port of Mombasa, one of East Africa’s most important trade gateways.
The conference comes at a difficult moment for French influence on the continent.
Kenya President Pushes for New Economic Order as African Leaders Gather in Nairobi
At the ongoing Africa Forward Summit in Nairobi, Kenyan President William Ruto has called.
Over the past several years, military governments in countries such as Mali, Burkina Faso, and Niger have reduced ties with Paris and ordered French troops to leave.
France’s military presence in the Sahel region had once been central to counter-terrorism operations against armed groups linked to al-Qaeda and ISIS, but critics accused Paris of maintaining neo-colonial influence without delivering lasting security or economic progress.
Against this backdrop, Macron has sought to reposition France as a modern economic partner, rather than a dominant political power.
He has also argued that Europe can offer African nations a more balanced long-term partnership compared to rivals such as China and the United States.
China has dramatically expanded its presence in Africa over the last two decades through large-scale infrastructure financing and trade agreements, while the United States has focused heavily on security cooperation and strategic competition.
Before the summit, Macron stirred debate in an interview with The Africa Report magazine by arguing that colonialism alone should not be blamed for Africa’s present-day challenges.
